OXYGREEN GALAXY HOUSING SOCIETY 25.01.2014 WELCOME TO THE GENERAL BODY MEETING OXYGREEN GALAXY HOUSING SOCIETY 25.01.2014

New Delhi An Exciting Investment Destination: Capital of India one of the fastest growing economies. Multi-agency investment in Delhi – State, Centre, Private New policy initiatives to accelerate real estate development Plans to develop Delhi into a WORLD CLASS METROPOLIS Projected investment flow highest amongst Indian cities. MPD 2021 – Notified and likely to be implemented soon Urban heritage of Delhi to be conserved. City center to be decentralized 2

GROWTH OF DELHI Delhi will continue to grow at a very fast pace 45,000 families migrate into Delhi every year Delhi’s population estimated at 230 lakhs in 2021 24 lakhs additional dwelling units (flats/houses) will be required to accommodate such large population. DDA or any other private builder doesn’t have the capacity to meet this demand. That’s why MPD-2021 and Land Pooling Policy. 3

FORMATION OF SOCIETY CONSIDERING THE ABOVE A SOCIETY WAS CONCEIVED AND A COMMITTEE WAS FORMED AS A NEXT STEP OXYGREEN GALAXY WAS REGISTERED IN JUNE 2013 THE COMMITTEE MEMBERS CIRCULATED THE INFORMATION TO THEIR CONTACTS IN PUBLIC SECTORS AND MEMBERS WERE MADE

Highlights of Master Plan Delhi-2021: Delhi has been divided into 15 zones Approx, 60000 hectares i.e. 1.5 lakh acres agricultural land converted to residential, commercial & institutional. A new 3rd outer ring road being constructed in Delhi. Asia’s largest Heliport already been constructed. Mass Transportation System to be Multi Modal The city center to be decentralized, development of district centers, freight complexes and directional terminals etc. Mixed Land Use Pedestrianization (Walk to the Work) Wider variety of housing types.

Land Pooling Policy: New policy is termed as land pooling policy (LPP). LPP states Land Assembly based on land Pooling and owners Participation as an alternative to Large Scale Land Acquisition in Delhi. No land will be acquired by DDA now. Land owner / group of land owner can join together to become a developer entity ( for constructing group housing projects) All the land chunks pooled by the owners may not be CONTIGUOUS (adjoining) as the entire land will be surrendered to DDA and in return DDA will allot one single chunk on road.

No Land Acquisition: Land will not get acquired as stated in MPD 2021. Even if the land is acquired under the Central land acquisition bill, then land owner will be getting 4 times the value of current acquisition. Cabinet has already approved the new Land Acquisition Bill on 7th sept,2011.

Land Pooling Policy – important dates Policy passed and forwarded to Ministry of Urban Development, Govt. of India by DDA – Notification of land pooling policy by Ministry of Urban Development – Creation of Land Pooling Cell in DDA – 11.01.2014 Draft Land pooling Policy Finalised – 29.01.2014

New Delhi in 2021:

Existing urbanized areas NEW (NEW) DELHI NEW URBANIZABLE AREAS Existing urbanized areas

COMMERCIALLY IMPORTANT TOWNS ADJOINING DELHI Sonepat HARYANA Bahadurgarh Rohtak UP Gurgaon Faridabad

NH 10 to BAHADURGARH- ROHTAK NH 24 GHAZIABAD-towards UP-eastwards NEW ROADS TO BE OPERATIONAL SOON NH 1 to PANIPAT-AMRITSAR 80 meter proposed connecting NH1 – NH8 100 meter road connecting 4 NHs KMP expressway NH 10 to BAHADURGARH- ROHTAK NH 24 GHAZIABAD-towards UP-eastwards Proposed 150 meter road connecting Dwarka – NH8 NH 8 to GURGAON –JAIPUR- MUMBAI NH 2 to FARIDABAD MATHURA-AGRA

05 NEW CITIES PROPOSED – MPD 2021 NORTH DELHI 2 NORTH WEST DELHI – ZONE N 5 SOUTH DELHI 3 WEST & SOUTH WEST DELHI – ZONE L & K 4

Attractions of Zone-L: Well located land. Well connected by Metro network.. Upcoming All India Institute of Medical sciences (AIIMS) in 17 acres. 100 mts Urban Expressway-II (3rd Ring Road). Metro's Phase-III has a larger presence in West Delhi Highest demand forecasted for finished products. Distance from various places: Dwarka Diplomatic Enclave : 3 Km Indira Gandhi International Airport : 8 Km Existing Nearest Dwarka Metro Station : 5 km Connaught Place : 30km Dwarka Expressway : 3 Km Gurgaon : 3 Km

Delhi Metro route Map Zone n Zone l Zone j

L-Zone in the MPD-2021: The zone covers an area of 22,979 hact. & is surrounded by the following: i. NH-10 / Rohtak Road and Railway line, in the North ii. Zone ‘K’ mainly comprising of Dwarka Sub- City , in the East iii. The NCT of Delhi boundary on it’s southern & western sides Approximately 46 villages fall in this zone (Refer Annexure I). Najafgarh is one of the major urban agglomeration. Other settlements like Tikri Kalan, Dhansa, Jharoda Kalan, Jasfarpur Kalan etc are major rural settlements. L-Zone Villages: Hirankudna, Bakarwara, Dichaon Kalan, Najafgarh, Ranholla, Babrolla, Tajpur Khurd, Chawla, Khampur, Daultpur, Lakhanpur, Dariyapur, Malikpura, Samaspur Khalsa, Skhuahera, Jhuljhuly, Sarangpur, Ujwa, Jafarpur, Khera Dabar.

Attractions of Zone-L: Proximity to affluent South Delhi & Gurgaon Proximity to IGI Airport Proximity to Dwarka Express way where all Major Builders and Developers are active Many Gated Farm-House complexes are coming up in this zone. Third Outer Ring Road - UER-II and III to pass through the Zone Largest Ayurvedic Hospital Operational in this Zone Branch of AIIMS already operational in adjoining area at Jhajjar Existing Metro Connectivity Area to have demand from the Upper Middle Income Groups and Affluent class. DSIIDC is developing a 77.50 acre Knowledge Based Industry park at Baprola at a cost of Rs 2,000 crore. This would create direct employment for about 85,000 people.

Can You Afford to Miss This Opportunity ? 24

West Delhi Growth Projections: Over Rs 5,000 cr being pumped in West Delhi's Baprola and Rani Khera. DSIIDC is developing a 77.50 acre Knowledge Based Industry park at Baprola at a cost of Rs 2,000 crore. This would create direct employment for about 85,000 people. At Rani Khera, DSIIDC is developing a multi-level manufacturing hub in 147 acre worth Rs 3,098 crore. Both of these projects are expected to complete by 2016. DSIIDC has suggested an elevated corridor from West Delhi to other parts of the city. The Delhi government hopes to attract investments worth Rs 70,000 crore and generate employment opportunities for nearly three lakh people. The government is developing 13 community centres and several district centres in West Delhi. 4 more colleges to come in this area. Metro's Phase-III has a larger presence in West Delhi. Upcoming All India Institute of Medical sciences (AIIMS) in 17 acres.

Zone of Great Opportunity The L zone comprises of the last peripheral villages abutting Delhi and Haryana. There are 21 villages in the green belt area and 37 villages in zone R. this means that this is also the last area to get connected with the infrastructure. This zone encompasses 21933 hectare, out of which the green belt covers 10322 hectares and 11611 hectares is available for urbanized development. The R Zone comprises of about 50% to 55% of the total land available. Private developers active in Gurgaon area have so far acquired almost 5000 acres.

Zone of Great Opportunity Some parts of the L Zone are to be developed for public, semipublic, services and other use zones. Once the local plans are notified and the developers apply for conversion as residential or commercial as per zoning, units in this area can be sold for anything between INR 3000 and INR 5000 per sq ft. In the green belt area, some 20 to 80% land has already been acquired. Some areas have already seen 100% appreciation. The Delhi government is developing the Haritima Tourist Complex in Kanganheri for setting up an adventure sports complex and an eco-park. A four-lane road from Dwarka to Dhansa-BadliJhajjar has been proposed. This 43 km road will start from Jhajjar in Haryana, pass through Badli, the Dhansa regulator towards Najafgarh and Dwarka Mor. At present, this road is a 19 km, two-lane stretch from Jhajjar to Dhansa regulator and a 25 km single stretch from Dhansa regulator to Dwarka Mor.

PROJECTED COST TO MEMBERS TENTATIVE COST OF LAND – Rs 1000/- PER SQ FT OF BUILT UP AREA (PLINTH AREA + BALCONIY AREA + COMMON AREA BASED ON CALCULATION BASED ALLOCATION). PROJECTED COST OF CONSTRUCTION – Rs 2000 PER SQ FT. (COST WOULD BE AS PER ACTUAL). EXTRA CHARGES – AS OF NOW, NO WXTRA CHARGES ARE NOTIFIED. HOWEVER, SERVICE TAX, IF ANY, AND ANY OTHER FUTURE CHARGES BY GOVT. AUTHORITIES WOULD BE EXTRA.

The Opportunity: Current Flat rate in West Delhi approved colony in Delhi is not less than Rs. 10000/-per sq. ft. The rates quoting in nearby areas of Delhi beyond 30 KM from Cannaught Place on super built up area basis are as below (per sq ft.) – Noida Extension – Rs. 3200/- Greater Noida – Rs. 3000/- to Rs 3500 Crossing Republic – 3200/- to 3600/- Rate in sector 113 Gurgaon (nearest place from the L Zone) – 10500/- (Tata project) Rates in Bhiwadi, Manesar, Sonepat, Rajnagar Extn(Ghaziabad) Bahadurgarh, etc are also much higher than the effective proposed rate.

Proposed Methodology Direct Buy Out Under this model Society will directly buy out the land from farmers or look out for some alternate wayout as per the availability of funds. In this model since entire land share is with society proportionate dwelling unit constructed will be with members of society.

Initial requirement towards land cost As per existing FAR and density criteria provided by DDA along with the land returned from DDA under land pooling policy approx 35-40 families can be accommodated in 1 acre. This cost of buying land will be needed at once from members for procuring land and it has to be arranged by member and required to be paid on first call. Loan facility will be sanctioned/arranged from nationalize banks after acquiring the License. The Cost towards Land Works out to Rs 1000/- per sq. ft. This is likely to escalate shortly as Land rates have started going Up in These areas

NOTIFICATIONS OF DDA Government has notified Master Plan of Delhi 2021 (MPD-2021), for development of residential area in PPP model permitting Individual, Builder or Societies to directly purchase land. Detailed information available at link As per the MPD-2021, DDA has divided the currently non urbanized area calling urban extension of Delhi into 4 Zones namely J-Zone (South to Mehrauli), P-Zone (East to Narela), L-Zone (West to Dwarka) & H&M N- Zone (Rohini) . For better connectivity of these Zones to central Delhi, Government have parallel plan for wide elevated road & Metro rail. .

Publication: The Times Of India Delhi; Date: Jul 27, 2013;Section: Times City; Page: 8 Land pools get DDA nod Policy To Be Implemented After Notification By UD Ministry TIMESNEWSNETWORK New Delhi: Delhi Development Authority’s ambitious land pooling policy—notified for objections and suggestions after being cleared by the authority in March—is now headed to the urban development ministry for final notification. On Friday, recommendations made by a board of inquiry were approved in a DDA meeting chaired by the new lieutenant governor, Najeeb Jung, and incorporated in the policy. There are two categories for land pooling. After the modifications in the policy, the land pooling size for category-II has been reduced from 3ha to 2ha, a commercial component has been included in the category, and ground coverage has been increased in both categories—I and II—from 33% to 40%. Ground coverage for motels which fall in air-funnel areas was increased from 40% to 50%. Under the land pooling concept, owners can consolidate their holdings by surrendering land to DDA, which shall return a part of it to them (developer entity) in a certain percentage. An official said around 660 objections and suggestions about the policy were received after it was made public on April 18. Urban planners are not happy with the increase in ground coverage. “This has been probably done to allow more flexibility to developers but this is not a great idea because most of the land which will be pooled would be from the suburban and agricultural belts. The general objective should be to have smaller ground coverage, higher buildings and therefore, more common open area. In all probability, market forces will ensure that the ground coverage does not go beyond 25%,’’ said Sudhir Vohra, architect and urban planner. The issue of higher floor-area ratio (FAR) for motels also came up in the hearing. “The modifications with respect to motels had already been notified and a board of inquiry had recommended three proposed modifications for notification. One of these was not notified as it as an administrative matter. The remaining were notified for objections and suggestions as a supplementary notification,’’ said a senior official.

Act Now: “Investing in Property is the sure-shot way of WEALTH creation” “Flats available in the society at much lower rates as compared to other parts of Delhi and the NCR” Make a move in the RIGHT direction. 35